Deutsche Bank Maintains Buy on Heinz

Deutsche Bank is out with its report today on Heinz HNZ, maintaining Buy. In its report, Deutsche Bank writes, "While global volatility creates challenges for all, we affirm our BUY rating based on several factors incl. emerging mkt. exposure, leading share in selected US/EU products, productivity and supportive 4% div.yield. Along with above average LT EPS/FCF growth potential, we see valuation as attractive." Deutsche Bank maintains a $60 PT on HNZ. At the time of posting, shares of HNZ were trading at $51.49, down 0.66% from Monday's close.